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XXF Group Holdings (HKSE:02473) Scaled Net Operating Assets : 0.86 (As of Jun. 2024)


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What is XXF Group Holdings Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

XXF Group Holdings's operating assets for the quarter that ended in Jun. 2024 was HK$2,901 Mil. XXF Group Holdings's operating liabilities for the quarter that ended in Jun. 2024 was HK$146 Mil. XXF Group Holdings's Total Assets for the quarter that ended in Dec. 2023 was HK$3,195 Mil. Therefore, XXF Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.86.

XXF Group Holdings Scaled Net Operating Assets Historical Data

The historical data trend for XXF Group Holdings's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

XXF Group Holdings Scaled Net Operating Assets Chart

XXF Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Scaled Net Operating Assets
0.83 0.96 0.84 0.90

XXF Group Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Scaled Net Operating Assets Get a 7-Day Free Trial - - 0.84 0.89 0.86

Competitive Comparison of XXF Group Holdings's Scaled Net Operating Assets

For the Credit Services subindustry, XXF Group Holdings's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

XXF Group Holdings's Scaled Net Operating Assets Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, XXF Group Holdings's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where XXF Group Holdings's Scaled Net Operating Assets falls into.


XXF Group Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

XXF Group Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(2901.962-283.163)/2902.07
=0.90

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3194.803 - 292.841
=2901.962

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2340.07 - 1043.297 - 1013.61
=283.163

XXF Group Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Dec. 2023 )
=(2901.226-145.646)/3194.803
=0.86

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3168.579 - 267.353
=2901.226

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2303.253 - 1119.224 - 1038.383
=145.646

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

XXF Group Holdings Scaled Net Operating Assets Related Terms

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XXF Group Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XXF Group Holdings Ltd (HKSE:02473) » Definitions » Scaled Net Operating Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN
Website
https://www.xxfqc.com
XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service through its self-operated sales outlets in the PRC. The Group's principal businesses comprise automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services.
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